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Wescan Goldfields Inc.
Wescan expands private placement
Published Sep 23 2005
3 min read

Wescan expands private placement

Stock Symbol: WGF: TSX-VEN

SASKATOON, Sept. 23 /CNW/ - George Sanders, President of Wescan
Goldfields Inc. ("Wescan") is pleased to announce that the previously
announced non-brokered private placement dated September 21, 2005 has been
expanded from 5,800,000 Units to 6,500,000 Units of Wescan at $0.35 per Unit
and also expanded the non brokered private placement of flow-through shares
from 4,600,000 flow through shares to 5,000,000 flow through shares priced at
$0.43 per share. Each Unit is comprised of one common share of Wescan and one
half of a common share purchase warrant. Each whole warrant entitles the
holder to purchase an additional common share at a price of $0.45 for a period
of one year from the closing date of the offering. In the event the offering
is fully subscribed, the Unit offering will generate gross proceeds of
$2,275,000 and the flow through shares will generate gross proceeds of
$2,150,000 for total gross proceeds of $4,425,000. Wescan is not accepting
any further subscriptions related to this private placement.
The securities offered hereby will be subject to a four-month hold period
from the closing date in accordance with applicable securities laws.
Proceeds will be applied to further drilling on Wescan's 100% owned Fork
Lake property which includes the former producing Jasper Gold Mine; for
geophysical surveys of the Company's 50% owned uranium prospecting permits in
the Athabasca Basin and for general working capital purposes.
Wescan will pay a 6% cash fee and 6% warrant of the gross proceeds raised
by a finder related to this private placement. The placement is subject to
final approval of the TSX Venture Exchange.

Wescan is a Canadian based corporation engaged in the acquisition,
exploration and development of mineral properties. Shares of the Company trade
on the TSX Venture Exchange under the trading symbol "WGF".

   "The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release."